Some ways to invest long-term with $100 bets
This list was adapted from an article I wrote on my personal blog.
One of my favorite pastimes is investing my money. I do plenty of stock market investing in speculative companies. I like putting money into different types of cryptocurrencies. Whenever I hear about an investment idea that I think is a good idea, I put a small amount of money into it. Sometimes I hear about an interesting side hustle and throw a little bit of money and time at it.
I like to make an investment every month, but you can choose any time frame you’re comfortable with. You don’t even have to bet $100. We are all at different places in our financial journeys. You might decide to make $10 bets, or $25 bets, $1,000 bets, or $19,000 bets. The point is to choose an amount of money that won’t be painful if you lose it all, and to invest regularly.
Some examples of things I’ve “bet” on or am seriously considering betting on:
1. Bitcoin and other cryptocurrencies
"Are you a believer?" -- Mr. Leung, Altered Carbon
2. Individual stocks in micro-cap companies
These are stocks in the riskiest companies, but if you do good due diligence, they have the biggest potential for growth. Read the book 100 Baggers: Stocks that Return 100-to-1 and How to Find Them, by Christopher W Mayer for some good rules on how to find good small companies to invest in.
3. Non-fungible token artwork
Is it a fad? Or the beginnings of something huge? OpenSea is an option for exploring this, but probably not the best choice.
4. A dropshipping business
It's fascinating how little initial investment it takes to start a dropshipping business online. I wrote an article about my brief foray into dropshipping and how I lost $500 doing it, if you want to read about a dropshipping fail.
5. Sports collectibles on the Collectable app
For people into sports collectibles, the Collectable app is a fun app to play with. It allows you to own a piece of many sports collectibles that you otherwise couldn't afford to own. In terms of making money on it, I haven't had any success in that department, especially since the sports collectibles industry has been on a downtrend for the past couple of years.
6. Security tokens on Tzero
Tzero lets you invest in security tokens of small companies. It works just like the stock market, but using blockchain technology as the trading mechanism. Right now there's not a lot of trading volume on the site, but hopefully that changes in the future.
7. Gold and other precious metals
My mom has always said that everyone needs to own some gold in case our country goes to war (her mom lived through some very rough times under Japanese occupation in Taiwan during World War II). I'm skeptical, but it probably doesn't hurt to own some precious metals.
8. Buying and reselling specialty items on eBay
I've had some success selling certain specialty items on eBay in the past (like Dungeons & Dragons books or baseball cards). The key is to buy large "lots" of items from eBay or estate sales, unpack them, and resell them individually. You also need to do everything possible to reduce time and money costs of shipping.
9. Real estate investing through Fundrise
I set up an account on Fundrise last year and so far it's been greatly outperforming the stock market.
10. Land in the metaverse
If this metaverse thing takes off, you would benefit in owning the prime real estate early. I liken this to buying domain names in the late 1990s. Right now, I'm liking what I'm seeing on the TCG World metaverse.
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